Hyderabad, January 27

Telangana IT Minister KT Rama Rao said several Japanese, Korean Companies will invest in the State in near future. His South Korea and Japan tours just concluded and the minister’s team left for India on Thursday night.

KTR said they introduced the State to these two leading countries in electronics manufacturing field. The industrialists in South Korea and Japan were surprised to hear the Telangana government policies and TSiPass.

Representatives of Hitachi, Soft bank, Toshiba, Sumitomo and other companies would tour India soon while several other companies came forward to spread their business in Hyderabad, KTR said.

Korean Companies

The meetings with Jetro, Kaidenn and other companies made them understand our State better, he said. Korean and Japanese companies may visit India and the Minister assured to reveal the details of discussions with various companies soon.

KTR said that they have invited foreign companies for the ‘Invest in Telangana’ seminar to be held in November this year. Soft Bank CEO agreed to attend the seminar. He said that Japanese and Korean companies sought to set up a special industrial zone for them. Japanese companies came forward to support MSMEs in Telangana.

The IT Minister said that several Japanese, Korean Companies are interested in working with T Hub, Task and other organizations. Several other foreign companies are willing to invest in electronics, pharma, manufacturing of medical equipment, medical tourism and the like.

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